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Carla Vista Construction Company uses the percentage-of-completion method of accounting. In 2025, Carla Vista began...

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Accounting

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Carla Vista Construction Company uses the percentage-of-completion method of accounting. In 2025, Carla Vista began work under contract \#E2-D2, which provided for a contract price of \$2,197,000. Other details follow: (a) What portion of the total contract price would be recognized as revenue in 2025 ? In 2026 ? (Do not round intermediate calculations.) Revenue recognized in 2025 Revenue recognized in 2026 \$ Assuming the same facts as those above except that Carla Vistwuses the cost recovery method of accounting. what portion of the total contract price would be recognized as revenue in 2026 ? Revenue recognized in 2026 eTextbook and Media List of Accounts Attempts: 0 of 7 used The parts of this question must be completed in order. This part will be available when you complete the part above

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